I find it hard to believe I'm saying this given the current inflated values of LTC, but according to my analysis we're in a minuette (magenta) wave iii of a subminor wave iii(orange) of a minor wave 3 (blue).
Therefore the price may yet have some way to go over the medium term. However, the magenta iii wave looks ...

It looks as if we are still in wave III of a larger downtrend.
There is a possible short term bullishness towards 232-240. If we reach nearer >235 it could mean a short wave III, followed by a shorter wave V to 210-200 area.
If we hit <233 ish before continuing down we could be into wave (3) of the larger wave ...

My first published chart, so be gentle.
I'm no EW expert but my count makes this a potential short term environment with some upside to go still.
We are in a subwave of wave 3, with the final leg to come, possibly reaching $256. (purple point 3). Whether we continue the larger wave 5 from there remains to be ...